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MIAMI-Overall and direct vacancy rates increase in two of three South Florida counties, though asking rents for commercial office space remain stable, according to a new study by Cushman & Wakefield of Florida Inc.
SAN FRANCISCO-According to a report from Grubb & Ellis, the San Francisco office leasing market is showing signs of stabilization in the central business district, but the area south of Market Street has vacancy rates of more than 20%.
HOUSTON-The city's high-profile Uptown Galleria submarket is in a slump and the CBD is bustling, according to a new research report. High-tech fallout, relocation to owner-occupied structures and traffic patterns could be the cause.
SAN ANTONIO-A two-year redevelopment at San Antonio's South Park Mall has spiked occupancy by 30%. Enthusiasm is riding high with Old Navy working on the city's first in-mall location. And a seven-acre buy is setting the stage for an expansion.
SUNNYVALE, CA-The Internet media giant now says it will sublease one of the five buildings comprising its new 800,000-sf campus here. It also is seeking a sublease tenant for 250,000 sf it vacated to occupy the new campus.
FRISCO, TX-Hall Office Park's newest tenant, Levi Strauss, is settling into its section of a just-completed 150,000-sf office building in the 162-acre Hall Office Park. Another 320,000 sf is under construction and another 120,000 sf delivers this week.
MINNEAPOLIS-The Metropolitan Council, which sees a critical shortage of affordable housing, would own and manage 75 in Blaine, Edina, Golden Valley and Maple Grove, with more deals on the way.
DETROIT-Leaner times have forced companies to pull back plans and throw sublease space on the market, Paragon Corporate Realty Services says in its First Quarter Office Market Report. However, overall vacancy rates remain firm.
INDEPENDENCE, MO-Lowe's Home Improvement is out of the gate at new the 550,000-sf shopping center near Interstates 70 and 470. Costco Warehouse Club is scheduled to open this summer.
ALEXANDRIA, VA-Real estate developer The Mark Winkler Company has launched a new corporate Web site that contains detailed listings about the firm's commercial and residential properties.